Which of the following is LEAST likely to create a book/tax difference?

a. Payment of federal income tax

b. State income tax expense in a tax loss year

c. Vacation accruals under the recurring item exception

d. All of the above are very likely to create a book/tax difference

Question

Which of the following is LEAST likely to create a book/tax difference?

a. Payment of federal income tax

b. State income tax expense in a tax loss year

c. Vacation accruals under the recurring item exception

d. All of the above are very likely to create a book/tax difference

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